Monthly Archives: December 2008

Low Wages, No Bargain: Retail Jobs in New York City

December 22, 2008. The outlook for the 2008 holiday shopping season is bleak. Despite more shoppers in the stores, looking for steep discounts, profits are down. And corporate owners aren't the only ones getting hurt. The retail sector has long been an important part of the local economy - and is more critical than ever given the ongoing retrenchment of the financial sector. But jobs in retail too often fail to support the American dream, as shown by demographic information about retail workers in the [...]

2020-11-13T14:48:32-05:00December 22nd, 2008|Economic Outlook, Economic Trends & Policy, Labor Market & Workforce, Reports, Briefs and Presentations|
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Economists to Governor: Raise High-End Income Taxes To Help Close Budget Gaps

December 13, 2008. 120 economists from throughout New York State joined together this week to send a message to Albany: steep cuts in state spending will weaken the already struggling New York economy, and will hurt poor and middle income New Yorkers. In a letter to the governor, the economists urge him to take a balanced approach to closing the gap in the state budget between revenues and spending - an approach that includes raising taxes on high-income households.

2020-11-13T14:50:34-05:00December 13th, 2008|Blog, Economic Outlook, Economic Trends & Policy, Press Releases, State Budget, Tax & Budget, Tax Policy|
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New York City Unemployment in 2009: The Emerging Crisis

December 11, 2008. While New York City lagged the national economy entering the downturn, the recession is clearly here in full force, and labor market conditions are likely to deteriorate rapidly in the months ahead. The number of unemployed New York City residents could rise by 120,000 over the next year, escalating the hardships felt by tens of thousands of New York families and straining the social safety net. Report >>

2020-11-13T14:48:32-05:00December 11th, 2008|Economic Outlook, Economic Trends & Policy, Reports, Briefs and Presentations|
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